Americans Are Back To Using Their Home Prices As ATMs: Most Cash Pulled Out in 12 Years!

Refinance lending has nearly doubled over the past three quarters, according to Black Knight. Cash-out refinances were up 24% since the last quarter of 2018 and made up 52% of all refinances. Homeowners withdrew a collective $36 billion in home equity, the highest amount in nearly 12 years.

Refinancing surges as homeowners pull out the most cash in 12 years https://www.cnbc.com/amp/2019/12/09/refinancing-surges-as-homeowners-pull-out-the-most-cash-in-12-years.html

October Credit Card Usage Surges To All Time HIgh As Americans Regain Their Spending Mojo https://www.zerohedge.com/markets/october-credit-card-usage-surges-all-time-high-americans-regain-their-spending-mojo

S&P/Case-Shiller U.S. National Home Price Index on FRED website: https://fred.stlouisfed.org/series/csushpinsa

S&P CoreLogic Case-Shiller 10-City Composite Home Price NSA Index https://us.spindices.com/indices/real-estate/sp-corelogic-case-shiller-10-city-composite-home-price-nsa-index

S&P CoreLogic Case-Shiller 20-City Composite Home Price NSA Index https://us.spindices.com/indices/real-estate/sp-corelogic-case-shiller-20-city-composite-home-price-nsa-index

United States S&P Case-Shiller Home Price Index https://tradingeconomics.com/united-states/case-shiller-home-price-index

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Americans Are Back To Using Their Home Prices As ATMs: Most Cash Pulled Out in 12 Years!

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Kane Dane